Facebook 'Serious' About Creating Own Cryptocurrency

Evidently, Marcus has plenty of experience in the field of payment processing - he was also an early adopter of Bitcoin, and in December he joined the board of Coinbase.

At the time, Beller was the only Facebook employee devoted to studying blockchain, the digital and decentralized ledger that underpins cryptocurrencies like Bitcoin and Ethereum. Plans for blockchain had been omitted from the 10-year-old roadmap which the executives were trying to sell and the executives have been tight-lipped from then on about any plans regarding the cryptocurrency.

Marcus later shared a message on Facebook confirming the move. Bridget van Kralingen stated that companies like Unilever, Nestle, Dole, and Kroger are using blockchain to improve their business models and bring change in customers' lives.

"This new small team will be exploring many different applications", the spokesperson said.

According to Cheddar, sources familiar with the matter told the outlet that the social media giant is now exploring creating its own virtual tokens.

Body found in pond is woman, has no trauma
It is possible the victim was homeless. "He watched them and watched them until the individual went down", added Williamson. Authorities say a 6-foot alligator was found during a search of the pond  too small to inflict serious damage on a human.

Citing anonymous sources familiar with the matter, senior reporter Alex Heath said that the company - whose $533 billion market cap is a $140 billion larger than the current cryptocurrency market cap - is holding serious, high-level discussions about directing the focus of its blockchain research team toward releasing its own cryptocurrency.

We'll keep our ear to the ground for further developments on Facebook's cryptocurrency plans, but it could be some time before these come to fruition.

David Marcus said in a post on the social network that, after four years in charge of Messenger, he is "setting up a small group to explore how best to leverage blockchain across Facebook".

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